AVID BIOSERVICES INC (CDMO) Technical Analysis
NASDAQ:CDMO • US05368M1062
Current stock price
CDMO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CDMO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CDMO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CDMO did better than 91% of all other stocks. We also observe that the gains produced by CDMO over the past year are nicely spread over this period.
- CDMO is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 516 stocks in the same industry.
- A new 52 week high is currently being made by CDMO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- CDMO has an average volume of 1320370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CDMO has a been trading in a tight range between 12.33 and 12.51.
CDMO Weekly and Daily overview Charts
CDMO Setup Rating and Analysis
Besides having an excellent technical rating, CDMO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.46, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CDMO Support and Resistance Analysis
10.06
2 important support areas can be observed.
- A support zone ranging from 11.79 to 12.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.50 to 12.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
CDMO Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CDMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDMO is up. |
| ChartMill Relative Strength | 91.92 | POSITIVE | CDMO has a high relative strength, it outperformed 91.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.35 | NEUTRAL | The RSI value for CDMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CDMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.24 | OVERBOUGHT | The high Stochastics value suggests CDMO may be overbought. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for CDMO suggests low volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for CDMO suggests a weak or negative trend. |
CDMO Chart- and CandleStick Pattern Analysis
CDMO Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.51 | 12.38 | 0.13 (1.04%) | 25.00% |
| An entry @12.51. This is a Buy Stop order right above the resistance zone. | An exit @12.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 1.04%. | For a 0.26% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CDMO Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:CDMO (2/4/2025, 8:00:02 PM)
12.49
+0.01 (+0.08%)
AVID BIOSERVICES INC / CDMO TA FAQ
What is the ChartMill technical rating of AVID BIOSERVICES INC (CDMO) stock?
ChartMill assigns a technical rating of 10 / 10 to CDMO.
What is the current trend direction of AVID BIOSERVICES INC (CDMO) stock?
The current trend direction for AVID BIOSERVICES INC (CDMO) is Bullish.
What is the RSI signal for CDMO stock?
AVID BIOSERVICES INC (CDMO) has an RSI value of 66.3509. This indicates that the stock is currently neutral.
What is the short term momentum for CDMO stock?
The short term momentum for AVID BIOSERVICES INC (CDMO) is positive.
What is the support and resistance level for CDMO stock?
AVID BIOSERVICES INC (CDMO) has a support level at 12.46 and a resistance level at 12.5. Check the full technical report for our detailed analysis of CDMO support and resistance levels.